Information disclosure is an essential component of regulation in financial markets. In this
article, we provide a cohesive analytical framework to review certain key channels through …

This paper investigates the impact of corporate environmental, social, and governance
(ESG) rating on a firm's stock market performance. Using Chinese publicly listed companies …

We study real-efficiency implications of disclosing public information in a model with multiple
dimensions of uncertainty where market prices convey information to a real decision maker …

We study the impact of foreign institutional investors on price efficiency with firm-level
international data. Using additions to the MSCI index and the US Jobs and Growth Tax …

China's economic model involves regular and intensive government interventions in
financial markets, while Western policymakers often refrain from substantial interventions …

This discussion of the survey of the literature on financial reporting and corporate investment
by Roychowdhury et al.(2019) focuses on an area in this literature that has received less …

This article shows that improving financial efficiency may reduce real efficiency. While the
former depends on the total amount of information available, the latter depends on the …

This study investigates whether mandatory adoption of International Financial Reporting
Standards (IFRS) has affected the long-term cost of equity and debt in Latin America, where …

We study the welfare effect of ESG disclosure in a market with information asymmetry and
imperfect competition. We develop a rational expectations equilibrium in which small and …

We provide a model to understand the effects of commodity futures financialization on
various market variables. We distinguish between financial speculators and financial …